I studied inflation extensively in college while taking an economics degree. I dealt with inflation upon arrival in San Diego in 1979 when real estate prices were doubling every few months and gas rationing was rampant.
I have always felt that inflation should be ZERO per cent.
Anything more is robbing all of us. ALL Americans.
These academics at the United States Federal Reserve who actually believe 2% inflation is a grand target should be jailed. How can they set a 2% inflation target that excludes as "transitory" what ALL Americans would deem to be necessities?
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